XAI Octagon Floating Rate & Alternative Income Trust (XFLT) to Distribute Monthly Dividend of $0.23 on August 3rd

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) announced a monthly dividend on Wednesday, July 1st. Investors of record on Wednesday, July 15th will be given a dividend of 0.225 per share on Monday, August 3rd. This represents a c) annualized dividend and a yield of 15.1%. The ex-dividend date is Wednesday, July 15th.

XAI Octagon Floating Rate & Alternative Income Trust Trading Up 1.1%

Shares of NYSE:XFLT opened at $17.84 on Friday. XAI Octagon Floating Rate & Alternative Income Trust has a 1-year low of $14.92 and a 1-year high of $28.60. The firm has a fifty day moving average price of $18.27 and a 200 day moving average price of $19.34.

About XAI Octagon Floating Rate & Alternative Income Trust

XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) is a closed-end management investment company that seeks to provide current income by investing primarily in floating-rate senior secured debt and credit-related securities. The fund’s portfolio is constructed to offer exposure to corporate floating-rate loans, collateralized loan obligations (CLOs) and other structured credit instruments, with the goal of generating attractive risk-adjusted yields across changing interest-rate environments.

Advised by XAI Asset Management, LLC and sub-advised by Octagon Credit Investors, the trust combines the credit selection capabilities of both firms to identify opportunities in North American corporate credit markets.